Industrial Development Policy (2012-2016)

1.0 THE VISION

To transform Zimbabwe from a producer of primary goods into a producer of processed value-added goods for both the domestic and export market.

1.1 MISSION STATEMENT

To create a vibrant, self-sustaining and competitive economy through promotion of viable industrial and commercial sectors as well as domestic and international trade.

1.2 OBJECTIVES

1.2.1 The overall objective is to restore the manufacturing sector’s contribution to GDP of Zimbabwe from the current 15% to 30% and its contribution to exports from 26% to 50% by 2015 consistent with the Medium Term Plan. An average real GDP growth of 7% is targeted under this Policy Framework of 2012-2016.

1.2.2 To create additional employment in the manufacturing sector on an incremental basis and reduce unemployment levels by 2016.

1.2.3 Increase capacity utilization from the current levels of around 57% to 80% by the end of the planning period.

1.2.4 To re-equip and replace obsolete machinery and new technologies for import substitution and enhanced value addition.

1.2.5 To increase the manufactured exports to the SADC and COMESA regions and the rest of the world.

1.2.6 To promote utilisation of available local raw materials in the production of goods.

Click to download China Overseas Development Association's guide: "Industrial Development Policy (2012-2016)".

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